Scarpone on Nostr: For someone who is looking to move to a bitcoin standard, what has everyone found to ...
For someone who is looking to move to a bitcoin standard, what has everyone found to be the best reporting calculation method? FIFO, LIFO, HIFO? Having debates as FIFO seems the best for long term tax holding but living on a bitcoin standard would mean regularly spending and replacing sats and spending sats now would spend my longest held sats which would trigger a lot of capital gains. Curious to hear what others have found to work.
#asknostr #Bitcoin #Bitcoinstandard
Published at
2025-01-07 19:55:46Event JSON
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"content": "For someone who is looking to move to a bitcoin standard, what has everyone found to be the best reporting calculation method? FIFO, LIFO, HIFO? Having debates as FIFO seems the best for long term tax holding but living on a bitcoin standard would mean regularly spending and replacing sats and spending sats now would spend my longest held sats which would trigger a lot of capital gains. Curious to hear what others have found to work. \n\n#asknostr #Bitcoin #Bitcoinstandard \n",
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